Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9 Lawn Ave Norristown, PA 19403
    Property profile & analytics

    9 Lawn Ave, Norristown, PA 19403

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motto Mortgage Optimum Choice / Loan Service / Bank
    • Michele Fox Motto Mortgage Optimum Choice / Loan Service / Bank
    • Kenneth Mosley Motto Mortgage Optimum Choice / Loan Service / Bank
    • Elite Capital LLC / Corporate Office / Financial Advisor
    • A.A.A. Trucking LLC / Freight Service / Logistics Company

    Property Details for 9 Lawn Ave

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    The Jefferson Professional Building offers exceptional office space in a prime location. Two suites are currently available, ranging from 800 to 5,000 square feet. The larger, 5,000 square foot suite is located on the second floor and boasts brand new renovations, including a state-of-the-art HVAC system. This space features a large open area, three private offices, separate men's and women's restrooms, and a breakroom. Convenient access is provided via a private elevator opening directly into the suite, or by stairs. This expansive suite can be subdivided into two approximately 2,500 square foot offices, offering flexibility for various business needs. The smaller, 800 square foot suite is ideal for retail or commercial use. Both suites are priced competitively at $14.00 per square foot for the larger space ($5,833.00 per month plus utilities and janitorial) and $16.00 per square foot for the smaller space ($1,067.00 per month plus utilities and janitorial). Importantly, there are no common area maintenance (CAM) fees. Ample off-street parking is available for tenants and their clients. The building is zoned C Commercial and is suitable for medical, creative, or traditional office uses. Multiple tenancies are accommodated. Elevator service is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3873
    Latitude
    40.1395

    Comparable in this City

    • Value Estimation by Request
      4,100 SF

      3055 Ridge Pike

      Medical Office Space
      3055 Ridge Pike, Eagleville, PA 19403
      View Details
    • Value Estimation by Request
      34,091 SF

      2700 Van Buren Ave

      Medical Office Space
      2700 Van Buren Ave, Audubon, PA 19403
      View Details
    • Value Estimation by Request
      2,556 SF

      2201 Main St

      MEDICAL BUILDING
      2201 Main St, West Norriton, PA 19403-3017
      View Details
    • Value Estimation
      $11,330,000
      73,692 SF

      609 Germantown Pike

      MEDICAL BUILDING
      609 Germantown Pike, East Norriton, PA 19403-4243
      View Details
    • Value Estimation by Request
      6,208 SF

      104 Egypt Rd

      MEDICAL BUILDING
      104 Egypt Rd, West Norriton, PA 19403-3065
      View Details
    • Value Estimation by Request

      1741 Valley Forge Rd

      Office Units
      1741 Valley Forge Rd, Collegeville, PA 19403
      View Details

    Similar Nearby for Sale

    • $612,000
      2,352 SF

      Commercial Property on School Lane

      Commercial property for sale on School Lane.
      35 School Ln, Norristown, PA 19403
      View Details
    • New
      $275,000
      Pending

      Specialty Commercial Parcel

      For sale specialty commercial parcel on Valley Forge Road in Norristown, Pennsylvania.
      1921 Valley Forge Rd, Norristown, PA 19403
      View Details
    • Contact for pricing
      14,576 SF

      Renovated Commercial/Industrial Space for Lease

      Recently renovated commercial/industrial space with offices and warehouse.
      9 Forrest Ave, Norristown, PA 19403
      View Details
    • Contact for pricing
      6,500 SF

      Single-Tenant Building Near Hospital

      6,500 SF building near Jefferson Einstein Montgomery Hospital Campus.
      716 W Germantown Pike, Norristown, PA 19403
      View Details
    • Contact for pricing
      6,031 SF

      Stand Alone Office Building

      Stand alone office building suitable for medical or professional use.
      2792 Egypt Rd, Audubon, PA 19403
      View Details
    • Contact for pricing
      1.76 Acres

      Prime Norristown Office Building

      Trooper Road Office Space - High Visibility
      536 Trooper Rd, Norristown, PA 19403
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo

      Commercial Building and Residential Home

      Commercial space for lease with supplemental residential rental income.
      35 School Ln, Norristown, PA 19403
      View Details
    • Contact for pricing

      Eagleville Office/Retail Space Available

      Office/retail space available in a high-visibility location.
      3140 Ridge Pike, Eagleville, PA 19403
      View Details
    • $2,900 /Mo
      139,828 SF

      Modern Office Building For Lease

      Modern, two-story office building in excellent condition, suitable for various businesses.
      3238 W Germantown Pike, Norristown, PA 19403
      View Details
    • Contact for pricing
      28,000 SF

      1000 Madison Avenue, Norristown, PA, 19403

      Office Units
      1000 Madison Ave, Norristown, PA 19403
      View Details
    • Contact for pricing

      Second Floor Office Space

      500 SF office space for lease on Ridge Pike.
      3120 Ridge Pike, Norristown, PA 19403
      View Details
    • Contact for pricing

      Renovated Office Space For Rent

      Newly renovated office space with flexible layout and ample parking.
      29 S Trooper Rd, Eagleville, PA 19403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9 Lawn Ave
    Norristown, PA 19403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9 Lawn Ave, Norristown, PA, 19403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!